Financial and Banking News


Libyan Asset Freeze in Italy Includes Diplomatic Funds 

The issue of the sequestration of Lire7bn ($4.9mn) of Libyan bank deposits in Italy as a result of court action in Milan by two small Italian creditors (MEES, 18 August) has grown in significance and complexity with the revelation last week that a bank account in the name of the Libyan People's Bureau at the main Rome branch of Banca Nazionale de Lavoro is included in the...